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Wichita, KS

Income property can have very stable, respectful and reliable tenants. Wichita, KS

02-09-10
Alf Gizzo
Alf Gizzo: Real Estate Trainer in Evergreen, CO

Income property can have very stable, respectful and reliable tenants. Wichita, KS

Yes, that’s correct! It all depends on product, location and good tenant screening. If you don’t have all three, your vacancy rate will be too high. Let’s discuss product first. We recommend to our students that they furnish their properties with clean serviceable items, new linens and art work on the walls. What you are creating is an environment that is very agreeable to the tenant, one that not only the tenant will look forward to coming home to, but also one, through pictures on flyers, web sites and word of mouth, will draw new inquires. We are all for building and keeping a pipeline.

Many furnished rooms for rent are not clean and contain aged, thread bear chairs, sofas, and soiled mattresses. Would you want to stay any longer than you had to in a place that does not support a healthy sense of self-esteem? Nicely furnished rooms generate good paying tenants, who stay for extended periods.

Our preferred tenant populations normally do not have their own transportation so proximity to public transportation is necessity.

Key to this equation within our program is good tenant screening, which oddly enough does not include credit or traditional background checks. Our tenants are referred to us, so we learn about them and their history though direct questioning of people who are familiar with each potential tenant individually. We learn of personal background information and work experience. This type of screening done methodically will produce good paying renters who stay for long periods creating a stable house.

To learn more about establishing transitional housing, please download our free Ebook from the side bar on our main blog site.

Don't hesitate to contact us with questions. Learn about us. Learn our system. Learn what others have to say about us and our system.

Kansans love Basements and we have many kinds! Examples of the basements in the Wichita, KS area!

Sheree Wilkerson: Real Estate Agent in Wichita, KS
Kansas Loves Basements! The Different Types of Basements in the Wichita, KS Home Market!

We love our Basements here! Why? Well, between storms/tornado threats, the fact of the matter is that it's a cheaper way to get more square footage than to build all of that on one level. We often finish our basements out here with extra bedrooms, bathrooms, family rooms, game rooms and more! But did you know that there's more than just 1 kind of basement?

When looking at homes for sale in Wichita, KS, it's handy to know what they are referring to as far as the basement goes.
Here are the most common ones you'll see around our area:

Cellar Basements - These you'll see in the really older homes, they're not really finishable, but are handy for storms and some storage (For things you don't mind getting damp). They're usually more moist because they're not fully closed off, there may be exposed/open dirt areas. Sometimes the furnace and/or water heater are down there.

Standard Basements - These are what most folks think of in regards to basements. They're fully underground with just little windows at the top of the wall, not wide enough to crawl through and too high to access really. More for ventilation and light purposes. The older versions are often concrete blocks and can be damper and have more moisture. The newer ones are concrete walls and a little more tight. Both versions can be finished or unfinished, though you may wish to consider extra waterproofing on the block foundations. They provide good storm shelter and lots more usable space, though it can sometimes seem dark and dungeony depending on finishwork.
Standard bsmt windows

Daylight Basements - These are one of the most common newer basements. These are built of concrete walls poured in place, with egress window bumpouts in various areas - this is an area built out from the basement at the time it's poured. A window is set in this area, and through this window, you can "egress" from the basement up the daylight window pit and out into the yard. These windows meet the code requirement for fire egress, allowing rooms with these windows to be used as bedroom areas. They have drainage measures to prevent backups and often covers to prevent water intrusion into the well, though these should be light enough to lift in case the window is used for egress! They are often called Daylight windows because you have daylight that shines down into the pit, and through the window, making the basement brighter than your standard basement. When you look out the window, you see the concrete of the window well, which people often decorate up quite nicely - but be careful not to block your egress with the decorations!
daylight basement window in home in wichita, ksDecorated window well

View-Out Basements - Gaining in popularity, this basement is created by actually raising the house up so that a portion of the basement "wall" area is above grade. Instead of concrete all the way up, it's concreted up to grade, and then framed above that to the ceiling. This allows for windows set in the wall to be level with the ground outside, giving you an actual "View Out" into the yard area. Depending on the height, these also qualify as egress, allowing for official bedrooms in the basement. This style of basement has commanded a higher price in the resale world due to it's current popularity and of course builders charge more. The basement feels more like the above ground living area, with real functioning windows, views, and natural light. On the down side, some folks do feel the ground-level windows present a security risk.
Home for sale Wichita, KS with view-out basement

Walk-Out Basements - The most expensive version, this one comes in 3 varieties itself! The general premise is that in the basement will be a doorway through which you can "walk out" from the basement level and into the yard (without being in an underground tunnel!). The three types are discussed below:
  1. Pit Style - The Walk-Out Pit basement is built as either a standard, daylight, or View-out, but with one area that is cut out to floor level. This area is then framed up in the normal way just as if it was above grade. The area that this would open onto is dug out to provide a "pit" that is then floored, and retaining walls are installed to provide a walled patio area. Generally a drain is installed as well to protect against water infiltration into the basement. They also typically have stairways leading up into the yard area. If the home is a View-Out style, the walled patio is about half height, with a few steps. If it's a standard or daylight basement with a walk-out pit, you'll find a full height wall and stairs up. The nice thing about the pits is that it provides another living area (the private patio) in addition to whatever may be on the grade level, they also allow a lot more light into the basement area without the price of a full walk-out style. You do have to watch the drains and be careful in heavy rains and snows - if the drain is clogged, you can end up with water backing up into the house thru the basement sliders/door. This is the most economical walk-out style.Walk-Out Basement Pit in Wichita, KS home for sale
  2. Mid-Level Walk-Out - Another more affordable option is this style, which features a stairwell going down into the basement, with a landing mid-way down that has a door into the back yard. This landing/door is in-between levels, hence the mid-level term. In this version, from the basement you'd go up half a flight to get ouside, or from the main floor, you'd go down that half flight to get outside. Most have a patio at the walk-out area, and many also have a deck on the main-level portion, giving you two outside entertainment levels. These are typically View-Out level homes, so the rest of the windows would be open to the yard. The door itself is not below grade, presenting less risk of water intrusion. The drawback is that it limits your stairway position, as it will really have to be on a back wall in order to have the door. mid-level walk-out in home for sale in wichita ks
  3. Full Walk-Out - This is the most expensive style as it requires raising the house up along with more extensive grading of the house. From the rear, the home will look like a full 2 story home above ground and from the front you'll see a Ranch with stairs to the front door. In this style, the basement is poured on the sides that will be backfilled with dirt. A retaining wall is usually built on either side of the walk-out area to prevent backfill/dirt/water up against the walk-out portion of the home. That portion is framed out just like the main level - wood frame and siding/brick. In this basement, you'll find a door/sliding doors that open straight on grade with the back yard. The wall with this door can hold full length windows and doors. The rest of the basement will generally be view-out style, though the sides may be daylight/standard. This style of basement leaves the basement finish feeling just like the main-level, with normal windows and doors, and lots of light. It also is convenient for accessing the yard without having to go upstairs, or from re-entering the home from the yard. The downfall is the potential for water intrusion if the home is not correctly graded and protected, the expense of building, and the significant grade change of the lot from front to back. Full Walk-out basement home for sale in wichita, ks
You'll also find references to Lower Level as a Basement type - this simply means that the home is a split level. There should be further definition as to whether that level is daylight/view-out/walk-out or standard, as all of those styles are also found in the split-level home.

If you've been looking for a home with a basement in the Wichita, KS metro area, give us a shout and tell us what style you like and let us help you hunt it down!

Buying a Home? Don't trust just Any Website for your Search!

Sheree Wilkerson: Real Estate Agent in Wichita, KS
Buying a Home?  Don't trust just any website!

There's a reason your agent recommends you look at certain websites for your home-shopping.  
And it's not just because we want to make sure you stick with us!

 A lot of websites pull straight from our MLS sytem - the database that maintains the status of all listed homes for our region.  That's a good thing, as it means their data is as accurate as the MLS's.   This is called IDX, which you might see mentioned somewhere on that website.   These are the best kinds of sites to search for homes. There are still variables such as how often the IDX updates the site.  Mine pulls live searches everytime, so is effectively 'real time', where some may update at midnight, or twice a day, etc.  They're still better repositories because it is the most up to date info and will reflect if a home has sold or gone under contract as that home will simply not show up any longer.

Wichita KS Homes For Sale Website


Then there's the other ones.  Some of these other sites are manual sites, requiring homes to be input manually, or pulling from other locations where homes are input manually or rarely updated.   The problem with that is these sites are often very out of date and often do not have all the homes for sale. 
If you can imagine for a moment, we have about 100 homes go on the market on any given day.  Do you think someone is sitting there at that website entering in every home every day?  No way! It'd be cheaper to do an IDX than waste someone's time like that! Many magazine sites work this way, and I rarely find that they update the status of the home to indicate if it has sold.  They just put up the homes as they get new magazine ads in.  And not all agents use Magazines for their listings, so you'll miss most of the homes for sale using their sites.

Some of those sites pull their listings from syndications - the agent selling a home has put it on a website somewhere, that feeds information to other websites.  The problem with these is that only the homes that are put on that original site that show up and not all agents put their homes in the same online locations, so you may not be seeing the full number of available homes.  Another big downfall is the lack of updating.  It will pick up a new addition, but hardly ever does it reflect if that home has gone under contract or sold.   I've had buyers call me up with listings for homes that sold a year ago, that are still showing up on some of these sites.

Sometimes you think you're in a completely legit place and you STILL find a bad ad.  Take this example:

My buyers found a home they wanted to schedule for a showing.  I looked and it was nowhere on the MLS system in any variation of spelling.  They told me they'd found it on Realtor.com (which SHOULD be a good source!).  So I went there and found the ad.   It was listed through a company out in California, with a California MLS id.  The seller basically had paid a small fee ($295) and gotten their home put in the cheapest MLS they could find, in order to get a Realtor.com ad.   Turns out when we finally got the seller to call back (a week later), the home had sold 2 months ago and he just hadn't told the California folks to pull the ad.  

So you can get some problem ads on otherwise reputable sources with folks using questionable methods in order to avoid paying full fees. 

So the point is:
If you stick with your agent's local IDX website (such as my website for finding Wichita, KS Homes for Sale!), you'll have much more up-to-date reliable searches and be less likely to be disappointed when that home you saw online really isn't for sale after all!

Ready to hunt through an accurate and updated website where the home for sale is really for sale?   Visit us on the web with the button below!



Don’t let your rental property become a charity shelter. Wichita, KS

02-05-10
Alf Gizzo
Alf Gizzo: Real Estate Trainer in Evergreen, CO

Don’t let your rental property become a charity shelter. Wichita, KS

I just read a blog by Donna in NM, who has had the most awful experience with a Section 8 tenant. She wrote that she did not have Section 8 housing experience and her tenant had 10 years of experience scamming the system. No rent was collected and now she has a squatter and is unsure how to correct the problem. More than a few good remedies were written in reply to her questions and I don’t want to repeat her alternatives here. I can not picture that this is an remote case. Probably not your specific circumstances, but even so, many real estate investors, who are holding rental property are making costly mistakes.

Depressed real estate prices and the abundance of very good opportunities on distressed properties are attracting many new investors into real estate. The smart ones seek coaching or mentoring from others more experienced. The majority probably feel they can figure most things out for themselves, and then there are parts that they are inexperienced in and can have a harmful effect on their net monthly income. Getting good counseling can save money and headaches.

With our program and transitional housing, our students and I have never had these problems. If the rent is late by more than three days, I just make a phone call or two, rekey the locks and wait for the lodger’s family member or friend to arrange a time to pick up any personal possessions. I don’t return their damage deposit. Within a few hours or a few days, I have the room occupied by another tenant from my waiting list.

It’s just that easy. It doesn’t involve an expensive eviction process and a minimum to no loss of rent. Squatters are completely unheard of, there are no legal fees, no court fees, and no fee made to local law enforcement.

Find out how I can get away with this by downloading our FREE Ebook from the side bar at our main blog site.

Don't hesitate to contact us with questions. Learn about us. Learn our system. Learn what others have to say about us and our system.

Let Us In! You Have to Show it to Sell it!

Sheree Wilkerson: Real Estate Agent in Wichita, KS
Do You Really Want to Sell? Then Let Us Show!

I've sold my own home a few times, so I know how trying and hard it is to clean house and dart out for showing after showing. It's inconvenient, it's no fun, and it's sometimes annoying and invasive. However, if the buyers never get inside the front door, they will not be buying your house! Buyers are knocking, let us in!

The best thing possible for your home is to be very very open and flexible for showing arrangements. Yes, sometimes things will come up. And sometimes those buyers only give you half hour notice!
It's annoying, it's hard, but you have to do it!

The harder your house is to show, the less it will be shown. Statistics from the Showing centers have proved a link between MUST Confirm appointments, restricted appointments, and longer days on market times. And from showing my own buyers, I know it's a fact.

Now this one's a bit extreme, but believe me, I JUST had this situation arise:

Buyers interested in a house called to see it with a 24 hour notice. I called the desk to schedule and they called back to tell me it must have 48 hour notice. Well my buyers are only off work to see homes twice a week, so I tried to schedule it for the next time they were off - a Saturday. The next day I got a call back that there were to be NO Saturday appointments. (Yes, I tried the listing agent - guess what, a limited service agent. No response from 3 messages) I had the buyers give me every day they were off for the next week and tried to schedule. To my surprise we got one appointment scheduled! Today we were supposed to see that home. But guess what? 2 hours before the appointment, the homeowner canceled it. No explanation, no alternate time given.

My buyers and I concluded that obviously they don't actually want to sell that house, and we're moving on. From the days on market, I can bet this seller has been doing this to many appointments.

Often buyers have a very set timeframe in which they can view. Think of your own schedule and some of your friends. When do YOU usually have a couple of hours to devote to looking at homes? Especially in our area, many buyers are on odd shifts. They may only occasionally have daylight time to spend, and if your house can't be shown during those times, it will be skipped - even though it may be perfect for that buyer!

Then there's the ones from out of town, who have only that weekend or day to look for a home. You can't be shown? You won't be sold to that buyer then.

Now I'm not saying bend over backwards, rent a motel for weeks on end so it can be shown on 5 minute notice. But do try to make your home as accessible to showings as humanly possible. That buyer who wanted to see it at 6:30 when you normally have dinner - that might have been THE ONE. Go out, get a happy meal, and just know that your efforts to show mean you won't have to put up with that inconvenience for too much longer!

For more tips on making your home show its best and sell the fastest, feel free to contact us!